(Photo with representatives from Frontclear, Bank of Mongolia, EBRD and Ministry of Finance of Mongolia)
In light of the ongoing legal and regulatory reforms in Mongolian capital market, Frontclear SVP Andrei Shinkevich joined a recently held roundtable with market regulators and players in Ulaanbaatar on 01 February 2019. In this forum, he highlighted the need to improve trading and settlement systems as well as legal enforceability of transaction documents in the holistic approach to develop money market in Mongolia.
Frontclear has been supporting money market development in Mongolia through the issuance of financial guarantees to money market transactions involving local banks and conduct of technical assistance that addresses other hurdles.
The roundtable discussion, titled “Capital Markets Legal and Regulatory Reform in Mongolia” was organized by European Bank for Reconstruction and Development and Ministry of Finance of Mongolia.